1.

Record Nr.

UNINA9910964014303321

Titolo

Corporate takeovers : causes and consequences / / edited by Alan J. Auerbach

Pubbl/distr/stampa

Chicago, : University of Chicago Press, 1988

ISBN

9786611125288

9781281125286

1281125288

9780226032160

0226032167

Edizione

[1st ed.]

Descrizione fisica

1 online resource (354 p.)

Collana

National Bureau of Economic Research project report

Altri autori (Persone)

AuerbachAlan J

Disciplina

338.8/3/0973

Soggetti

Consolidation and merger of corporations

Consolidation and merger of corporations - United States

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Papers originally presented at a National Bureau of Economic Research conference in Feb. 1987 in Key Largo.

Nota di bibliografia

Includes bibliographies and indexes.

Nota di contenuto

The impact of firm acquisitions on labor / Charles Brown and James L. Medoff -- Breach of trust of hostile takeovers / Andrei Shleifer and Lawrence H. Summers -- The effect of takeover activity on corporate research and development / Bronwyn H. Hall - Characteristics of targets in hostile and friendly takeovers / Randall Mrck, Andrei Shleifer and Robert W. Vishny -- Do target shareholders lose in unsuccessful control contests? / Richard S. Ruback -- The effects of taxation on the merger decision / Alan J. Auerbach and David Reishus -- Share repurchases and acquisitions / Laurie Simon Bagwell and John B. Shoven -- Means of payment in takeovers / Julian R. Franks, Robert S. Harris and Colin Mayer -- A time-series analysis of mergers and acquisitions in the U.S. economy / Devra L. Golbe and Lawrence J. White -- Panel discussion : corporate takeovers and public policy / Joseph A. Grundfest ... [et al.].

Sommario/riassunto

The takeover boom that began in the mid-1980s has exhibited many phenomena not previously observed, such as hostile takeovers and takeover defenses, a widespread use of cash as a means of payment for



targeted firms, and the acquisitions of companies ranking among the largest in the country. With the aim of more fully understanding the implications of such occurances, contributors to this volume consider a broad range of issues as they analyze mergers and acquisitions and study the takeoveer process itself.